ALFA Finder
The call ran from 8:46 AM to 9:17 AM IST (31 min).
Key takeaways
Revenue up 36% YoY, driven by acquisitions and festive demand; EBITDA margins expanding.
| Management target | Revenue 25.0% FY27 |
|---|
| Revenue growth | ₹2,088 Cr, 36% YoY growth; H1 FY27 up 40%. |
|---|---|
| Margins | EBITDA margin up to 3.7% from 3.2% YoY. |
| Demand visibility | Strong festive demand (Onam/Diwali); positive showroom footfalls. |
| Management confidence | Balanced; focused on integrating acquisitions and operational leverage. |
Growth
Revenue rose to ₹2,088 Cr; service volumes up 88% YoY through acquisitions.
Outlook
Management reaffirmed FY27 revenue growth guidance of 20-25% over FY26.
Risks
Expansion into low-margin CV segments could dilute consolidated EBITDA margins significantly.
Last quarter's promises, checked
Delivered
- Guided 20–25% FY27 growth (₹8,200–8,300 Cr) → H1 +40% (= BEAT, FY open)
Partly delivered
- Guided acquired units PAT-positive from Q2 → consolidated PAT ₹2.2 Cr, unit split absent (= PARTIAL)
- Guided 6–7% PV service volume growth from Q2 → service volume +88%, acquisition-led (= PARTIAL)
Missed
- Guided ≥4% EBITDA margin each of Q2–Q4 → 3.7% (= MISS)
- Guided sequential margin rise from 3.8% → 3.7% (= MISS)
- Guided debt repayment priority → debt rose (= MISS)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Popular Vehicles and Services Q2 FY27 Results: Net Profit ₹2.2 Cr, Up 266.7% YoY
Popular Vehicles and Services Ltd reported revenue from operations of ₹2,089 Cr (+36.0% YoY) and net profit of ₹2.2 Cr (+266.7% YoY) for Q2 FY27.
- Key figure
- Net profit ₹2.2 Cr · +266.7% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Guiding for FY27 high double-digit top-line growth, 4.8%-5% EBITDA margins, and PAT approaching FY24 levels.
Growth they described
Q4 revenue grew 28% YoY; FY26 revenue INR 6,401.1cr (up 15.1%). FY26 EBITDA INR 203.4cr (up 16%).
Call details
| Company | Popular Vehicles And Services Ltd |
|---|---|
| NSE symbol | PVSL |
| ISIN | INE772T01024 |
| Call | Q2 FY27 earnings call |
| Date | Thursday, 12 November 2026 |
| Time | 8:45 AM IST |
| Length | 31 min |
| Audio | Our stream on YouTube ↗ |
Popular Vehicles And Services Ltd: key numbers
- Share price
- ₹95.45
- Market cap
- ₹679.6 Cr
- Revenue (annual)
- ₹6,381 Cr
- Net profit (annual)
- ₹-12.47 Cr
- P/E (TTM)
- -951.8×Sector 66.2×
- Promoter holding
- 61.38%+0.00% QoQ
- FII holding
- 10.27%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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